Chicago Partners Investment Group LLC Has $415,000 Stock Position in Cummins Inc. (NYSE:CMI)

Chicago Partners Investment Group LLC boosted its position in shares of Cummins Inc. (NYSE:CMI) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,155 shares of the company’s stock after purchasing an additional 77 shares during the period. Chicago Partners Investment Group LLC’s holdings in Cummins were worth $415,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. lifted its position in shares of Cummins by 10.4% in the second quarter. Centaurus Financial Inc. now owns 837 shares of the company’s stock worth $232,000 after buying an additional 79 shares during the last quarter. Czech National Bank lifted its position in shares of Cummins by 7.1% in the third quarter. Czech National Bank now owns 27,918 shares of the company’s stock worth $9,040,000 after buying an additional 1,854 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Cummins by 37.3% in the third quarter. GAMMA Investing LLC now owns 2,372 shares of the company’s stock worth $768,000 after buying an additional 644 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of Cummins by 1.8% in the third quarter. Azzad Asset Management Inc. ADV now owns 9,513 shares of the company’s stock worth $3,080,000 after purchasing an additional 170 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Cummins by 36.4% in the third quarter. Diversified Trust Co now owns 12,858 shares of the company’s stock worth $4,163,000 after purchasing an additional 3,429 shares during the period. Institutional investors and hedge funds own 83.46% of the company’s stock.

Insider Transactions at Cummins

In other Cummins news, VP Sharon R. Barner sold 162 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $357.04, for a total transaction of $57,840.48. Following the transaction, the vice president now owns 20,803 shares of the company’s stock, valued at approximately $7,427,503.12. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,490 shares of company stock valued at $2,357,880 in the last three months. 0.56% of the stock is owned by corporate insiders.

Cummins Stock Down 2.3 %

Shares of CMI opened at $348.16 on Tuesday. The company has a market capitalization of $47.76 billion, a P/E ratio of 23.00, a PEG ratio of 1.64 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.32 and a quick ratio of 0.79. Cummins Inc. has a one year low of $236.00 and a one year high of $387.90. The business’s 50 day simple moving average is $362.75 and its 200-day simple moving average is $333.86.

Cummins (NYSE:CMI) last announced its earnings results on Tuesday, November 5th. The company reported $5.86 EPS for the quarter, topping the consensus estimate of $4.89 by $0.97. The business had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.29 billion. Cummins had a return on equity of 26.86% and a net margin of 6.13%. Cummins’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.73 EPS. As a group, sell-side analysts predict that Cummins Inc. will post 20.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI upgraded Cummins from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $294.00 to $408.00 in a research note on Wednesday, November 13th. Citigroup lowered their price target on Cummins from $435.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Truist Financial boosted their price target on Cummins from $424.00 to $425.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird boosted their price target on Cummins from $330.00 to $372.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded Cummins from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cummins has a consensus rating of “Moderate Buy” and an average target price of $374.25.

Cummins Profile

Cummins Inc designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines.